Q4 2020 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$5.1B+4.1% YoY

Gross Profit

$2.1B40.6% margin

Operating Income

$729M14.2% margin

Net Income

$391M7.6% margin

EPS (Diluted)

$0.37

QoQ Revenue Growth

-9.0%

Cash Flow

Operating Cash Flow

$1.5B

Free Cash Flow

-$600M

Stock-Based Comp.

$14M

Balance Sheet

Total Assets

$122.9B

Total Liabilities

$90.4B

Stockholders' Equity

$28.3B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.1B	$4.9B	+4.1%
Gross Profit	$2.1B	$1.7B	+19.3%
Operating Income	$729M	$690M	+5.7%
Net Income	$391M	$445M	-12.1%

Revenue Segments

Other Adjustments

$3.1B50%

Natural Gas Distribution

$830M13%

Other Natural Gas

$703M11%

Other Natural Gas - Wholesale Gas Services

$559M9%

Natural Gas Distribution - Residential

$433M7%

Natural Gas Distribution - Transportation

$249M4%

Other Natural Gas - Gas Marketing Services

$133M2%

Natural Gas Distribution - Commercial

$111M2%

Natural Gas Distribution - Other

$28M0%

Other Natural Gas - Other Natural Gas Revenues

$11M0%

Natural Gas Distribution - Industrial

$9M0%